SHIB Slides Below Key Support While Rare Double Death Cross Emerges

SHIB triggered rare double death crosses on hourly and two-hour charts. Price fell below the 50-day moving average after three consecutive declines. Federal Reserve rate concerns added pressure across the broader crypto market. Shiba Inu traders entered October with fresh optimism after a long-awaited golden cross appeared on the daily chart. Many expected stronger momentum and a possible continuation higher. Instead, recent price action has delivered a different outcome. SHIB has moved lower for several days, slipped beneath an important support area, and triggered a rare double death cross across shorter timeframes.

Source: CryptoNewsLand